Fukuoka Reit Corporation (JP:8968) has released an update.
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Fukuoka REIT Corporation (FRC) has finalized the issuance of 3,600 new investment units at an issue value of 135,864 yen each, totaling 489,110,400 yen, through a third-party allotment to SMBC Nikko Securities Inc. This financial move, slated for completion by October 8, 2024, aims to raise capital for property acquisitions and to bolster cash reserves for future investments and debt repayment.
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